Forex tips : The euro took a breather on Wednesday a day after tracking soaring Bund yields to post its second biggest daily gain since Oct. 2011, with markets turning cautious before a policy update from the European Central Bank. With the ECB committed to turning inflation back towards 2 percent, some traders expect the bank's head Mario Draghi to use Wednesday's news conference as an opportunity to push back against the euro's strength and any talk that its asset purchase could be curtailed. The ECB is widely expected to reiterate its commitment to the one-trillion euro bond buying programme it launched in March, though it could sound upbeat about growth and inflation prospects. The euro was down 0.1 percent at $1.1135, having climbed around 2.1 percent to $1.1195 on Tuesday as the spread between 10-year U.S. Treasury and Bund yields narrowed to 155 basis points. German 10-year yields rose to 0.74 percent on Wednesday, having posted their biggest jump in about three years a day earlier.
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